Are home prices going up or down in Fairmont, MN?
In Fairmont, MN, the typical home sold for $146,926 during May 2026. That is 8% lower than the same stretch a year ago, so prices are down.
Over the last 36 months the typical sale price in Fairmont, MN went from $191,400 to $146,926 — down 23%.
The high point was $233,950, reached in March 2024. Today's typical sale is 37% below that.
Measured by size, homes in Fairmont, MN are selling for about $98 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Fairmont, MN area, through May 2026.
Are you the agent for Fairmont, MN?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Fairmont, MN market
- When is the best month to sell a house in Fairmont, MN?
- How long does it take to sell a house in Fairmont, MN?
- Do homes sell above asking price in Fairmont, MN?
- Is Fairmont, MN a buyer's market or a seller's market?
- How many homes are for sale in Fairmont, MN?
- All Fairmont, MN housing numbers
Other markets
- Are home prices going up or down in Minneapolis, MN?
- Are home prices going up or down in Rochester, MN?
- Are home prices going up or down in St. Cloud, MN?
- Are home prices going up or down in Brainerd, MN?
- Are home prices going up or down in Faribault, MN?
- Are home prices going up or down in Fergus Falls, MN?
- Are home prices going up or down in Red Wing, MN?
- Are home prices going up or down in Owatonna, MN?
Figures come from Redfin's published market data for the Fairmont, MN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.